- In Indonesia, market sources revealed to SSESSMENTS.COM that the leading polyolefins producer in the country has announced a fresh price list for the week commencing June 15, 2020. As compared to the previous price list announced on June 8, the producer decided to maintain a stable offer level for PP Homo Raffia cargoes. Currently, the offers are available at IDR14,620,000/ton ($1,027/ton) on cash, FD Indonesia basis and excluding 10% VAT.
- On June 15, a Middle Eastern producer contacted by SSESSMENTS.COM informed that the company has yet to announce July shipment offers to the Southeast Asia market. The July shipment offers will likely be announced next week. At the moment, the producer notices that most import PP prices are firm, however, demand in the Southeast Asia market has yet to show significant improvement.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 38.73 | August Settlement | 0.18 |
| NYMEX | 36.26 | July Settlement | -0.08 |
| Naphtha | 338 | CFR Japan | No Changes |
| Ethylene | 803-809 | CFR NEA | No Changes |
| Ethylene | 753-759 | CFR SEA | No Changes |
| Propylene | 763-769 | CFR China | -10 |
| Propylene | 728-734 | FOB Korea | -5 |
PP Homo Raffia on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 14,620,000 | 1,027 |
| Malaysia | MYR | 4,080*-4,130* | 955-966 |
| Philippines | PHP | 60,000**-62,000** | 1,062-1,098 |
| Thailand | THB | 32,500-34,000 | 1,044-1,093 |
| Vietnam | VND | 24,500,000-26,000,000 | 955-1,013 |
Description: *Offers on 30 days credit term **Offers on 60 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | PP Homo Raffia | 870-930 |
| Southeast Asia | PP Homo Raffia | 900-950 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on June 15, 2020 12:07 PM (GMT+8)
Last Updated on June 15, 2020 12:07 PM (GMT+8)
